Saudi Basic Industries Corp (SABIC) has no interest in taking over Swiss chemicals firm Clariant and considers its 25% stake in the company as “a long term strategic investment,” said its chief executive Yousef al...
Clariant suffers another setback as JV talks with SABIC collapse
Clariant said on Thursday that joint venture talks with top shareholder Saudi Basic Industries (SABIC) had been shelved due to differences over price, a further setback for the Swiss chemicals maker whose CEO abruptly...
Global private equity firms to bid for Hitachi’s chemical unit: sources
Global private equity firms Bain Capital, Carlyle Group and KKR & Co are among potential bidders for Japanese conglomerate Hitachi Ltd’s chemical unit, three people familiar with the situation told Reuters. Hitachi...
Race for Italian chemicals firm ICE attracts four buyout funds: sources
Four private equity firms are looking to submit final bids for Italian chemicals firm Industria Chimica Emiliana (ICE) in a deal valued at about 600 million euros ($673 million), sources familiar with the matter told...
Japan’s Hitachi plans to sell chemical unit: Nikkei
Japan’s Hitachi Ltd plans to sell its listed chemical unit as it streamlines its business portfolio, Nikkei reported on Thursday. Hitachi Chemical Co Ltd has a market value of about 545.75 billion yen ($4.87 billion)...
Hitachi Chemical flooded with buy orders on report of sale
Shares of Japan’s Hitachi Chemical were untraded on Monday, hit with a glut of buy orders after a report that parent company Hitachi Ltd was considering a sale of its stake at a hefty premium of more than 40 percent...
Merck KGaA urges Versum shareholders to support takeover bid
Germany’s Merck KGaA on Tuesday called on shareholders of Versum Materials to put pressure on the electronic materials maker’s management to consider its jilted takeover proposal over a rival offer. Versum, the former...
Grasim to acquire chlor-alkali business of KPR Industries for Rs. 253 crore
Aditya Birla Group firm Grasim Industries Ltd on Monday said it has inked a pact to acquire chlor-alkali business of KPR Industries by way of a slump sale for a cash consideration of ₹253 crore. The company, which has...
BASF to launch construction chemicals unit sale in spring: sources
BASF will launch the sale of its $3 billion-plus construction chemicals business in the spring, as part of the German chemicals group’s drive to focus on more profitable operations, people close to the matter said...
Chemicals maker Entegris to buy Versum in $4 billion microchip bet
Entegris Inc said on Monday it would buy rival Versum Materials Inc in an all-stock deal worth about $4 billion, creating a big chemical supplier to the semiconductor market at a time when the industry is under pressure...
EU gives conditional approval to BASF acquisition of Solvay nylon business
The European Commission said on Friday it had approved the acquisition by German chemical company BASF of the nylon business of Belgian rival Solvay subject to conditions. The EU antitrust said Solvay’s facilities in...
Bain-Piramal fund invests $156 million in Archean Group’s marine chemicals business
India Resurgence Fund, a joint venture between Piramal Enterprises Ltd and Bain Capital Credit, on Monday said it had invested $156 million in the marine chemicals business of Chennai-based Archean Group. The investment...
